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Weekly Wealth of Knowledge - Week of 2/26/24

February 23, 2024

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, the markets and more! As we close out the month of February, we will be ringing in March, which will focus on "retirement planning." Throughout the month we will be providing you a host of content about planning for retirement and all the things you need to be doing to prepare for it and enjoy it, if you are already there.

In this issue:

  • MONECO Insights - Setting Retirement Goals (3 min read)
  • Team MONECO - Opportunity For Growth (2 min read)
  • Surprise Jobless Claims (3 min read)

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Setting Retirement Goals

Setting realistic retirement goals is a great place to start to work toward financial security. Having a clear outline of your hopes for retirement will give you incentive. It is never to early to start saving, starting early only allows you more of an advantage. Always consider the unexpected, with retirement comes the individual becoming wiser in years, this will help you with allocating of specific targets. As always, if we can help in any way, do not hesitate to reach out! 

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Team MONECO - Opportunity For Growth

Here at MONECO Advisors we pride ourselves on our many values. Our clients being at the top of that list, we also value our amazing team! We are grateful to have the opportunity to continue to grow as a company. Our growth would not be possible if it were not for our dedicated team members. With that said, three amazing contributing members have recently  received well deserved promotions! Kyle to Senior Client Relationship Manager, Christine to Client Services Manager, and Stephanie to Senior Associate Advisor. We thank you for making our progress possible! 

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Surprise Jobless Claims

The labor department's jobless claims unexpectedly fell last week to 201,000. Analyst estimates were expecting between 216,000 - 218,000. Why is this good? This reflects a positive change in the job market with less and less needing to be on unemployment and clearly showing the high demand for opened positions. On the flip side interest rates haven’t yet got on board with the good news. With interest rates not falling it creates more challenges with the cost of living and how this new data could impact the Federal Reserve's next move on monetary policy. If you have any questions, we are here for you.

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Important Information

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.

This commentary reflects the personal opinions, viewpoints and analyses of the MONECO Advisors employees providing such comments, and should not be regarded as a description of advisory services by MONECO Advisors or performance returns of any MONECO Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. MONECO Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. 

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.